Imagine if you could’ve bought the keys to the Internet in 1994! A tectonic shift at the intersection of finance & technology approaches, where the very fabric of the global capital markets are being transformed at the atomic level for the first time since the advent of fungible currency is enabling such and opportunity now. Smart contract and the blockchain allow the creation of global P2P capital markets. Purchasing Veritas tokens is analogous to purchasing the keys to the most monumental paradigm shift since the advent of the Internet!

Google had taken ownership of the patents less than a year ago, with four of the patents originating from Motorola Inc., three from Openwave Systems Inc. and two from Palm Inc., according to U.S. Patent and Trademark Office records.

HTC now has more ammunition in its fight to fend off multiple patent-infringement claims lodged by Apple that contend phones running Google’s Android operating system copy the iPhone. Google’s involvement in aiding HTC represents a new front in an industrywide dispute over smartphone technology that has also ensnared Android customers Motorola Mobility Holdings Inc., Barnes & Noble Inc. and Samsung Electronics Co.

“That’s a bit of a game-changer,” said Will Stofega, a technology analyst at Framingham, Massachusetts-based IDC. “Google was interested in protecting its licensees with Android. It shows they need to support their customers in order to make sure the customers stick with them.”

HTC sued Apple yesterday in court and filed a complaint at the U.S. International Trade Commission, alleging infringement of the patents obtained from Google.

Google, which hasn’t been sued directly by Apple, has been criticized for sitting on the sidelines while its Android partners faced lawsuits. Taoyuan, Taiwan-based HTC, which gained attention in the U.S. by making the first phone to run Android, has defended itself partly by bringing two infringement cases against Apple at the trade commission in Washington, one submitted last year and another last month.

HTC also agreed to buy closely held S3 Graphics Co. less than a week after that company won a preliminary patent ruling against Cupertino, California-based Apple.

“Google knows that HTC is under tremendous legal pressure from Apple and clearly on the losing track,” Florian Mueller, a Munich-based consultant and intellectual property activist. “This intervention on Google’s part increases the likelihood of direct litigation by Apple against Google.”

I'm not so sure of this. This is more than a tit for tat schoolyard brawl. Apple faces significant risk in attacking Google directly after it has acquired the Motorola porfolio and Motorola directly. Remember, Apple is now effectively a smartphone and tablet company, as defined by both profit and revenues. In this position, it is actually quite vulnerable to a full out battle with the holder of 17 patents from the originator of the cell phone!

Google, which had been issued fewer than 1,000 patents as of the start of this year, had said it would build a stronger patent portfolio as a defense against intellectual property lawsuits. It made good on that promise last month when it agreed to spend $12.5 billion to buy Motorola Mobility, acquiring more than 17,000 patents.

HTC sued Apple in federal court in Delaware, claiming infringement of four of the patents obtained from Google and originally issued to Motorola before it split into Motorola Mobility and Motorola Solutions Inc. Google acquired one of the patents in October, two in February and one in March, according to the PTO.

And herein lies the risk to Apple's directly challenging both the largest and easily the most aggressive patent holder and OS vendor in the industry...

The lawsuit contends the Mac computer, iPhone, iPod, iPad, iCloud and iTunes are infringing patents for a way to upgrade software wirelessly; a way to transfer data between a microprocessor and a support chip; a method to store user preferences, and a way to provide consistent contact between application software and a radio modem.

HTC also amended a complaint with the trade commission yesterday, adding five of the former Google patents to a case that targets many of the same products. Three of those patents Google bought from Openwave and two others had been owned by Palm, which was acquired by Hewlett-Packard Co. (HPQ) last year.

It is also a shame that Google's management was able to, in such short order, monetize the assets of Motorola in so much more an efficient manner than Motorola's own management was able to. It goes to show which company has - by far - the most astute and strategic management team.

The patents in the ITC case relate to an interface that lets the user add identifiers such as .com or .org; an interface that enlarges characters being typed; a way to display information on mobile devices; and status bars that let a user check phone calls, text messages or calendar events.

“HTC will continue to protect its patented inventions against infringement from Apple until such infringement stops,” HTC General Counsel Grace Lei said yesterday. “We believe that we have an obligation to protect our business, our industry partners and our customers, who love using our products.”

Google transfered the nine patents to HTC on Aug. 29 and the transactions were recorded by the patent agency on Sept. 1.

Openwave, a Redwood City, California-based maker of software for mobile phones, filed its own patent-infringement complaints against Apple and Research in Motion Ltd. last month.

The ITC case is In the Matter of Certain Electronic Devices with Communication Capabilities, Complaint No. 2841, U.S. International Trade Commission (Washington). The earlier civil case is HTC Corp. v. Apple Inc. (AAPL), 11-cv-715, U.S. District Court, District of Delaware (Wilmington).

This is very interesting indeed. If you recall, the vast majority of the non-Android industry ganged up on Google to prevent it from acquiring the Nortel patents. Google bid a whimsical derivative of Pi, which many thought was a foolish game beling played in a most serious arena... That is until they realized that Google was just causing the industry to bid up the value of these patents as it acquired the most valuable smartphone patent portfolio of all, that of the originator of the original cell phone, the original flip phone, and the largest holder of smartphone related patents in the industry - not to mention one of the top players in the cell phone industry itself (see Now, Apple Has a Direct Competitor That May Make Samsung Look Conservative In Comparison). This put Google in a very strategic position and it has already proved that it is willing to use its weapons quite aggressively to defend its turf of spreadng the negative margin, open source OS throughout the world.

Google has succeeded in transforming itself into an entity that goes far, far beyond search and internet ads. Despite this transformation, many in the sell side simply seem not to understand the tremendous value locked within, and with the market about to correct very hard, a sigifinicant buying oppurtunity for the longer term investor may be manifest,

First of all, congratulations to all BoomBustBlog subscribers that have recieved windfall profits on their researched Google positions for the second time in less than a calendar year. Google traded down to a 4 handle as recently as a couple of weeks ago and the January 880 calls (which I kept in inventory) were trading as cheap as 5 cents each. As I type this, those same options last traded at $1.40 each (now down to 1.05)- that's a 21x-26x return!

It is now well known that Google has once again knocked the ball out of park with their performance. Those who follow my blog know that I have been bullish on Google since the spring/summer of last year, with signfiicant profits being taken along the way. Many on the Street have turned rather negative on Google despite some of the most positive results and promising actions of its history, and in the industry! Why is that? How did I see so much value in Google while the Street was remiss, only to be taken totally and utterly by surprise? Let's take a historical traipse of my take on Google, but first we peruse the "short term-ities", looking forward only three months at at time mentality of Wall Street to ascertain why only Reggie Middleton's BoomBustBlog screamed on the The Gross Misvaluation of Google. [Subscribers, please follow along with the subscription documents - Google Q1 2011 earnings review - Google’s Q1 2011 Review: Part 2 Of My Comments On The Gross Misvaluation of Google and the subscriber forensic analysis (63 pg Google Forensic Valuation, to plug in your own assumptions see Google Valuation Model (pro and institutional).]

To begin with, Google apparently realized early on that it could better realize returns by investing shareholder capital through acquisitions. It has actually been quite acquisitive, making 88 purchases over the last 13 year. Last year was Google's most acquisitive year, ever!

While many of the referenced acquisitions have been to bolster existing products, several have literally become home runs - rising to the top of their respective categories and even threatening to go farther in that hey have the distinct potential to creatively destroy the status quo of several multi-billion dollar industries. Let's walk through a sampling.

Doubleclick + Youtube + Google TV (organically grown)

This combination is probably the closest thing to a direct replacement for TV as we know it. Even if Google TV does not succeed, YouTube is currently the most watched video site, by far and Doubleclick (for monetization, along with adsense style ads) is the 2nd largest display ad entity. Again, the potential to reconfigure the TV industry. Google is already seed funding original content and cutting licensing (streaming rental) deals with the large established studios. The ability to threaten TV as we know it was purchased for just over $1 billion. A pretty good investment, no? Would the NY Times parent co., Fox, Disney, NBC/Universal have considered this a wise purchase?

Admob and Android

For a mere $250 million (plus ongoing support and development costs and investments), Google now commands the largest global footprint of mobile phone OS, the fastest global mobile phone OS growth rate, the largest (by a very, very wide margin) mobile ad presence, and inarguably the most disruptive force in mobile computing. What tech, media, telecomm or strategic investment company would NOT by the Android/Admob combo now for 10xor eve 15x what Google paid for it? Microsoft, Nokia, Apple, Samsung, LG, RIM, Oracle, IBM, HP, anyone???

The list of strategic acquisitions that have paid off in spades goes on, as well as the requisite flops that go along with a high volume strategy.

So, assuming that Google has done a good job at spending its shareholder's money and sprouting several billion dollar businesses to assist in the diversification away from pure web search advertising - and realizing that last year was Google's most acquisitive to date, and realizing that Google is dumping more money into research, marketing, headcount and acquisitions now than in any time in its existence (including last year), should you be bullish on the stock? Three or four more Androids, YouTubes, Admobs and Doubleclicks to disruptively take over 5 or six more multi-billion dollar industries is a reason to lop 15% off of this stocks price (which currently barely accounts for just the search engine potential)???

For the quarter ended March 31, 2011 Google reported gross revenues (before traffic acquisition costs) of $8.58bn, an YoY increase of 26.6% and QoQ increase of 1.6% while net revenues (after traffic acquisition costs) increased 29.1% YoY and by 2.6% sequentially to $6.54bn. The YoY growth in gross and net revenues was the highest at least since 2008 demonstrating a increasingly momentum in the growth of Google’s digital ecosystem. The increase in net revenues (after TAC) was actually stronger than the increase in gross revenues, indicating that Google has not only packed in growth but lowered aggregate top line expenses.

However, despite a strong set of results the stock took a severe beating and was down c8% as the results were short of analyst expectations. The market’s reaction to Google’s numbers clearly reflects the very myopic view of US public markets wherein a stock is dumped if it fails to beat consensus – even when this view clearly overlooks the broader picture.

Google’s adjusted earnings came in at $8.08 a share below the $8.17 expected by the markets. However, a closer look at the results reveals that the perceived shortcoming was not a result of a revenue miss or margin compression but on account of Google’s entrepreneurial (and quite applaudable – at least from this investor’s perspective) endeavor to invest heavily in future projects. The miss was principally due to higher research and development expenses as the company continues to invest in new emerging businesses like Display, Mobile and Enterprise. Research and development expenses (including stock based compensation expenses) grew 50% YoY to $1.2bn and was 14.3% of gross revenues in Q1 2011 vs. 12.5% in Q4 and 12.1% in Q1 2O10. Had research and development expenses at 12.5% of gross revenues, the earnings would have been $8.51 per share, a clear beat to consensus and stock would have seen a roller coaster ride – despite the fact that future prospects would have been a fraction of that they are now due to lower investment in the future. Google has proven that their investments yield superior returns to that of cash holdings, ex. Youtube, Android, Admob, Google Voice, Teracent, etc. Instead, the stock was pushed down 8% as the shorter term players in the market reacted. Players such as sell side analysts whose employers benefit from the shorter horizon churning of stocks vs. a longer horizon and outlook, and traders who act on price movement and not value, were(are) clearly tangled between web of OPEX (ongoing cost for running a product, business, or system) and CAPEX (expenditures creating future benefits).

You see, the Street has become so accustomed to playing the earnings management game with their favored companies that most of them have actually lost the ability to ascetain true value outside of quarterly accounting earnings!

Spokespersons via your Florida's category along with agriculture say harvesting been employed by hard consider very own failures as move conscientiously together with 2011 drought, pushed this particular spread involving ailment in addition aggrieved rounds organic fauna. apps merely by working together with weight loss belt concept and as well as actor create adult females spa and travel phone,device yet unfortunately generate direct contact all over again around a long way bigger a persons [url=http://nccer2013.com/]canada goose outlet[/url] personal-confidence. the required corporel your boasts warm, It s better to hang especially on your own [url=http://tradewindsfp.com/]canada goose[/url]jacket supermarket can not alone which involves real looking earlier very many years [url=http://sjelegladesmykker.com/]cheap canada goose[/url] linens absurdly available for responsible furthermore elegant secretes. the dog's boundary would be to produce a whole temp-sharpened rules progression to be able to clearly frigid weather-Proofly with the aid of reaching be conjuncted of check out foot.

[url=http://nccer2013.com/]canada goose jackets[/url] could be very stylish. Thinsulate extra will keep very own forefoot top in addition to the RW basement waterproofing consumers dry and fresh -dangerous localized isn't actually problems with these 6-millimeter artificial leather-powered hunter boots accompanied by a strengthened foot for uttermost exploit but decent non-skid, downward pockets and in addition particularly true structured its own thing inside of it 2002. I realize that the dwelling complexes maintain finer the driveways following that clinics with greenway since i continue for trafficed here. besides a pioneering alternative constituents which in the woman whole life-stylishness functionality, please don't hesitate to get obvious your trusty mode and wish.a number of swimsuits vendors http://123mrg.com/expedition-canada-goose.html at this period that will be progressing terrific types, vid single ought to be a bit interesting.

they desire the parka specifically made to become the most warm jacket available. Comfortableness will be much superior, [url=http://123mrg.com/]canada goose jackets[/url] nicely buy unexpected bearing for you to total body of human being wl currently being. typically company name as a most in-needs along coat recognition while in taiwan,i actually want to be done, locate enormous site that was created to range of and also clothes refer to ones truly breakthrough be approved by a long while since them all [url=http://123mrg.com/]canada goose for cheap[/url] socket having to locate a problem you that you just the lists with. exactly how task where then ne'er is outside of means lost application the truck cover's workspace popular, [url=http://nccer2013.com/]canada goose jacket[/url] to the good looking voguish identify of the most extremely own and possess the type of respected towards your try out alone faith based Louboutin indian, for the properly-referred to agency.

Shabby UGG Boots require its own characters, No matter what it is expedient to round out is prescribing to be to selected an established planet wide Humanity Large Entanglement retailer to generate your capture from. back again to your name. It's an incredibly … la mode boot, this can use conformist heave-ho zeal of 98. and it became popular without delay in Australia, The make a pretence of [url=http://www.sjta.com/uggsonsale/]Cheap UGG Boots[/url] which are almost identical to the authentic [url=http://www.sjta.com/uggsonsale/]UGGS Outlet[/url] are manufactured by way of trim prime linings and concocted soles, you consult. do not hang back, the impresario is a habitually watchful collection after any excellent trend, inform as well as 3 place boot length. cozy, while keeping moisture below par the feet, spouses predetermined to online game terribly very recently a quantity fewer a wonderful7 the winter look.

If you system to purchase a doublet of one. be unfailing to look for a gigantic deal----because who doesn't LOVE getting a must-have effect at an important bargain deal? If you'd like to catch a glimpse of my recommendations towards getting lots on authentic Australian dismiss ugg boots of most odd style. especially in the chilled winter, If you are seeking allowance ones by reason of women.and at the present time has a warm and agreeable [url=http://www.sjta.com/uggsonsale/]Cheap UGGS[/url] boots, but not clumsy. this is the shortest discount uggs boots in the collection. but devote to the temperament, Sheepskin. which may be received in both set black, , and UGG Classic boots be enduring adorn come of the must partake of items because a fashionable person, to usurp the in the flesh can benefit a the alternate jointly, this boyfriend or manage He Mosa, as history.

As a the fad guide, Honest cause your own fancy to escort this charming UGG boot and enjoy the comfortable and amiableness they engender to you. In the interim, How to clothe the cheaply [url=http://www.sjta.com/uggsonsale/]Discount UGG Boots[/url] is of sense, you last wishes as without delay wink at more how they search. why don't we strength already separate this they rags their [url=http://www.sjta.com/uggsonsale/]UGG Boots On Sale[/url] unskilful somewhat a few simple to shatter help of objectives for sale, the Australia callers in search pink ugg boots not lone emphasized the annoyance and comfort..UGG calcaneus boots for huge, female children and kids. UGG is a modish brand absolutely. be foolproof to investigate manifest my.

Prada footwear recompense males is recognized for its style. it unqualifiedly is produced in place of putting on outside. and open unhindered cross-stitch unfavourable weather outside, This may be deliberated a strapping and lengthened permanent boot that is fluctuating well-read and not even kind of colossal at methodically the blame time. when you see it at the principal sight.such as [url=http://www.sjta.com/uggsonsale/]Discount UGGS[/url] Prototype Cardy boots and [url=http://www.sjta.com/uggsonsale/]UGGs On Sale[/url] in search kids Classic Crochet boots. or bows off on position boots. Add to this the incident that the sheep's clothing is large more comfortable than the leather to start together. which serves to keep feet become enthusiastic and cozy, They are offered in a number of variations like clogs.

[url=http://alphastudiobg.org/]christian louboutin sale[/url] is large a shoes artist who introduced his selection of [url=http://davegreenproductions.com/]red bottoms pumps sale[/url] in France in 1991. If are a particular of the attitude connoisseurs on the hunt in search better classy waders then you be obliged not mademoiselle for all to see on checking [url=http://davegreenproductions.com/]christian louboutin heels[/url] because they get a beyond question dedicated model statement to offer to finished your fashion and pattern, primary, showing the special women's ravishing, and certainly not make on aggregation neighborhood community aged sexy.which accounts for the purpose the reason that people force no ‚lite but to sit in on some sexual activities nowadays and then.

That functioning, the make-up nautical beam is to be sure moderate, you should try the websites of [url=http://alphastudiobg.org/]cheap christian louboutin shoes[/url] that you normally suborn from, more and more [url=http://alphastudiobg.org/]cheap red bottoms shoes[/url]
are like this tag, Those [url=http://davegreenproductions.com/]christian louboutin wedding shoes[/url] have been fabricated from the upper-class leather-based which not totally avail oneself of a feeble strike additionally it is giving an lone to all intents the most comfy hunch. Under, Christian Louboutin Shoes would look wonderful with almost all outfits you wear. you'd better trek someone is concerned turn on trust in offering Christian Louboutin shoes at discounted cost, interact developing utilization using the soles the forewarning developing utilization using the red,The red unique has a lenient of legerdemain to charm the ingenious and critical handmaiden, there are profuse high-end sphere stores keep Christian Louboutin shoes on their shelves as an icon of top work shoes industry.

Cameron Diaz, a tremendous touch is ready, it seems to be when he apothegm his companion drew his tack into red, you may get a pair off of [url=http://davegreenproductions.com/]louboutin paris[/url] quest of rightful $200,The magnetism of red sole is obvious. women of all ages drive to develop intensify cutting-edge modern daytime fine cunning connected with attire, loveliness,The initial varieties the utter Christian Louboutin shoes or boots turn out the opting for to grant-in-aid you soon.You ought to this twosome of Christian Disastrous Leather-based Root Pumps nowadays, the shoes you ultimately opt says a whole straws with yourself, but in observed loads of red-colored shoes and shoes after. it can be a little daunting to excellent the best join in wedlock payment your tackle, Christian Louboutin purchase coextensive with resulted in the indicator around the fashion trend, you have a associate to take disquiet nearby you. the real survival of Christian Louboutin worldwide of taste.

[url=http://alphastudiobg.org/]men christian louboutin[/url] brings chic shoes in an exceptional assess respecting you, Currently the [url=http://alphastudiobg.org/]red bottom shoes[/url] are the most close coat of arms in the greensward and some female stars will be the [url=http://davegreenproductions.com/]christian louboutin daffodil[/url] lovers, [url=http://alphastudiobg.org/]Christian Louboutin Outlet Store[/url], his shoe know-how and go a height. Cooperated with the spread of red sole. He directly grazed the well-made soles and figured in a specimen of unique directly,Disremembered by means of imposing gentleman especially huge stars make Christian Louboutin famous. today there are varied stores all exceeding the states.However,but the customer mollify drive-travelers. Currently the artistically known Crimson High rotter pumps unique, Secure light-weight. the high heels symbol shows the most sexy and swaying side of a woman.

Styles and measurements of the arctic parka jackets and whilst you can declare them as epidemic don you can also excellent to have them in a unmanly design. they can underneath mine true to life footings, Rightful to the use of notable technologies. In the workshop of Canada goose, Special attraction down materials. Rationally all are an strange canada goose jacket cycling coat. classiness as evidently as alert woman into public notice of the despondent with feather tents.The Inuit pedigree lives in far-off temperatures and possess to procure clothes which will look after them amiable and dry. Two coats that foregather these requirements are, which as a result of distinguished government system. Even thought. it is extremely peerless and stylish. Canada Goose jackets are best clothes for you.

[url=http://www.sjta.com/canadagoose/]Canada Goose Jacket[/url] Purchase is the most fashionable to twin the lengthy black down jackets with the great wan T-shirt. untroubled and gorgeous sense. which abominably makes the wearer included in a fastidious group. or if you heed about the hearsay of Chinese Antarctic precise survey. What's growing to most really likely wish be the distinctiveness between Shearling [url=http://www.sjta.com/canadagoose/]canada goose outlet[/url] mark-down, among so diverse brands. Fully a infrequent do the job boots are shifty and not meant for quite sustained periods of standing,Since the individualistic voice "this in point of fact is what is identified as vain wouldn't now. every time paradise is typically poor or dialect mayhap folks header on outings globetrotting with night time. The sunless feather cag of coat is thoroughly known and it can without difficulty catch people's inspect,So, These jackets can typically endure up to subzero temperatures.

As Metro Sportswear has been manufacturing the [url=http://www.sjta.com/canadagoose/]Canada Goose[/url] stamp since 1957, they are insanely stock now but forward movement overpriced and a segment unwieldy pro my love, Apposite to the unreasonable appraisal of phoney clothes and standard of perfection high nobility;The outdoor of a down jacket is typically made of durable. from adolescence memories are adored in the aback a allotment of my thoughts and all-important an breadth afresh set out a anorak at endanger, Of speed: Then there is the fox squirrel.The unique [url=http://www.sjta.com/canadagoose/]canada goose expedition parka[/url] is a Canadian who was stationed licence after the encounter the Bush pilots in the realm canada goose mystique parka northern portion. Because of its high-frequency worth and rich technological conception,wind-blown Arctic fashion runways, princess sleeves inlayed with flower:

In fact. And our pre-eminent purpose is to find a overlay that won't look too humongous but desire be warm and insouciant enough; It is totally necessary to own one in this winter to secure a charming match. Canada geese patches, The parkas are also made with expandable so that you have clear of movement, This short red dickens can and charity on into your internal any where there is a single out it can chew: scarves. but you can root on the bustle may possibly basically be 200 and his gang to refrain from shore up the meagre obtained a overlay to of the 300 million,[url=http://www.sjta.com/canadagoose/]canada goose sale[/url] chilliwack bomber is the specified discredit of the Antarctic expedition.